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China Wholesale Secret PDF
China Wholesale Secret PDF
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China Wholesale Secret Program
Start Your Own Internet Import/Export Business
OVERVIEW
Chapter 1: The Multi-Trillion Dollar Import/Export Market ..................................................................1
Chapter 2: Benefits of an Internet Import/Export Business ..............................................................4
Chapter 3: Hot New Rising Trends ........................................................................................................6
Chapter 4: The Most Powerful Import/Export Website on the Internet for Entrepreneurs ....12
Chapter 5: Google and other Monster Traffic Generators..............................................................17
MARKETING
Chapter 12: Dominating Internet Search Engines and Directories ..............................................53
Chapter 13: Powerful Linking Strategies ............................................................................................58
Chapter 14: Buying Keywords and Phrases on Search Engines..................................................62
Chapter 15: The Secrets of Effective Online Advertising ..............................................................67
Chapter 16: Reselling Imported Products with Online Classified Ads........................................71
Chapter 17: How to Build and Market eStores “On Demand” ......................................................74
ACTION PLAN
Chapter 18: Fast Start Strategy — Completing Your First Deal ....................................................78
Chapter 19: Growing Your Business for Even Bigger Profits........................................................86
Chapter 20: Importing and Exporting Billionaires ............................................................................90
Chapter 21: Focus on One Product at a Time ..................................................................................93
ADDITIONAL RESOURCES
Chapter 22: Trade Resources................................................................................................................98
Chapter 23: Forms, Contracts and Agreements ............................................................................105
Terminology ............................................................................................................................................120
INTRODUCTION
Introduction
Dear Entrepreneurs:
We’re pleased to present to you this comprehensive import/export business kit.
Congratulations for making the decision to learn about and launch this fascinating business.
This business is NOT a passing trend that will be obsolete in a couple of years from now.
The import export market is a multi-trillion dollar market — and it’s growing by leaps and
bounds every day.
On top of that, there has never been a better time to get into this business — what is more, the
Internet has made it easier than ever.
Just imagine what the great importing tycoons of times past could have done with the Internet.
My guess is they would have been thrilled!
This kit is packed with up-to-date information to help you get started quickly and easily.
More important, this kit is designed to enable you to start making money immediately!
There will be a tendency to skip through the kit and grab only the information that appeals to
you at the moment.
I know you want to start importing and exporting products as soon as possible. And we’ve
designed this kit so you can get started making money quickly.
But please take the time to read, study and review this information with as much focus as is
humanly possible.
The benefits for doing that will manifest itself for months, years and decades down the road.
We’ve also designed this import/export business kit much like the Egyptians did when they built
the great pyramids.
We’ve laid a strong foundation so you can build your import/export business as large or as small
as you want.
But regardless of the size and scope of your venture you will have a firm foundation on which
to build.
By the way, you could search the Internet for a lifetime and you would never find all of this
information in one place.
In addition, we’ve consulted with many of the greatest business minds, entrepreneurs and
INTRODUCTION
import/export gurus on the planet with a view toward developing THE BEST IMPORT/EXPORT
BUSINESS KIT THAT MONEY CAN BUY.
We spared no expense in showing you all of the pitfalls that beset most entrepreneurs that get
involved in the import/export market.
The hardest part of an import/export business is finding products that have the greatest
demand. But we’ve made it easy for you. This kit contains all of the hottest products and markets on
the market today.
What’s more, we’ll show you HOW to identify and contact hundreds of companies that need
products immediately!
Imports to China will be more than $1.5 trillion in 2006 — that’s trillion.
And China isn’t the only show in town… There are more than 195 countries in the world today,
many looking for products that you can provide.
Granted, boarders change on a daily basis. But there are a lot of countries that NEED products
and are willing to pay for them.
For example:
Japan’s imports from the U.S. increased to more than $12 billion in 2005.
U.K.’s imports were more than $4 billion.
Brazil’s imports were more than $1.5 billion.
If you think that’s great — then you’ll love this:
You can import products and sell them on the Internet… all from your own home.
This kit shows you all of the “nuts and bolts” of importing products and reselling them
on the Internet.
In addition, this kit includes a section on Internet search engines, keywords and linking strategies.
The benefits of importing and exporting are too numerous to mention here.
But know this — this is one of the great liberating businesses of the 21st century!
INTRODUCTION
You can run your import export business from anywhere in the world.
You can build it as small or as large as you want.
You can specialize in products or industries that you’re most knowledgeable about or you
can delve into new markets.
Everything you need to be successful is right here in this import/export business kit.
So take your time and focus on all of the material that we’ve assembled for your benefit.
You won’t be disappointed.
Congratulations!
Sincerely,
Marc Charles
Early To Rise
CHAPTER 1: The Multi-Trillion Dollar Import/Export Market
CHAPTER 1
A hundred years ago it was almost impossible for small entrepreneurs to break into this market
because one needed significant capital, contacts and a lot of expertise in international law and contracts.
Today entrepreneurs can start an import/export business from the comfort of their own home
with just with a computer, phone line, Internet access and a bank account.
On top of that, there are hundreds of websites and resources available to entrepreneurs today
that didn’t exist ten years or even five years ago.
For instance, the website Alibaba.com is the largest and most successful import/export site for
entrepreneurs in the world.
Although Alibaba.com facilitates more than $5 billion in import/export transactions each year —
that still leaves trillions of dollars in business on the table.
The international import/export business is the new frontier of the 21st century for both aspiring
and established entrepreneurs… this is where opportunity awaits.
Plus!
How to Dominate Internet Search Engines and Directories
How to Utilize Powerful Linking Strategies
How to Buy Keywords and Phrases on Search Engines (in order to sell products)
The Secrets of Effective Online Advertising
How to Resell Imported Products with Online Classified Ads
How to Attract Customers with Monster Prospect Machines
How to Build and Market eStores “On Demand”
You can scour the Internet, Google, Research Libraries, the Public Domain and Business Colleges
a LIFETIME — but you will never find all of this information in one, easy-to-read report.
Until Now!
CHAPTER 2
Benefits of an
Internet Import/Export Business
The benefits of owning your own Internet Import/Export business are too numerous to list, but
here are just some of the benefits that you can enjoy:
without a significant bankroll (and contacts). But today — with the Internet — having
capital is not that important.
More Benefits!
Develop rich, fulfilling relationships with likeminded entrepreneurs in practically every country
of the world
Tax benefits (consult your tax professional for specifics)
Respect from the business community
Instantaneous money exchanges
No billing
No face-to-face selling (unless you want to)
Be a part of the global community
Gain a deeper understanding of other cultures
Travel abroad at deep discounts
Work anonymously (if so desired)
Enjoy the dynamics of an industry that is constantly changing
Prestige — Become a renowned expert and sought after speaker
No language barriers (translators are available when needed)
No employees (unless you want them)
No physical buildings, offices or storefronts required
No understanding of currency markets required (but it’s a good thing to know)
I’ve only just touched upon the many benefits of this exciting business. Being your own boss,
having unlimited profit potential and low start-up capital requirements are perhaps the most
attractive benefits for most entrepreneurs. In the next chapter we’ll show you the hottest, new rising
trends in the import/export market and how you can position yourself to benefit from these trends.
CHAPTER 3
Another way to identify hot new trends is by watching the growth of per capita income in specific
areas. When income levels rise so does the desire to spend it!
Countries like China, India, Thailand, Croatia, Brazil and Russia are importing products from the
U.S., Canada, Europe and South America in droves!
In fact, imports to China from the USA increased by more than 28% in 2004 according to the U.S.
Commerce Department.
Everything. The demand for products has never been greater — and the trend is growing at a
phenomenal rate.
There has never been a Here are the fastest growing categories according
better time to profit from an to the World Trade Organization (WTO) in 2005:
Internet-based Import/
Export business. Textiles 11%
and other factors. But you will find that people will be eager to work with you because of the demand
and potential for profit.
Plastic strapping / Black plastic strapping
Soybeans / 50,000mt per month x 12
Cigarettes / Mild Seven SE555 (new packing) or brand cigarettes
Oats / Instant rolled oats, oat bran, breakfast cereals and organic cereals.
Palm Oil / crude palm oil 55 gal
Feathers / original American turkey feathers
Horse Hair / Horse tail hair, yak hair and goat hair for yarns and textiles
Cashews / 3000mt cashew and 15000mt sesame seeds
Garlic / need garlic urgently 6.0cm+, loose, 9kg cartons
American Rice / 2000 MT x 12 months
Sesame seed oil / any quantity
Apples / all kinds of fruits including apple, pear and more
Garden Equipment / Garden tools & wooden garden tools & equipments
Dried Rosehips / Any quantity
Gas-powered trimmers / All sizes / crates of 6
Also, business equipment, toys, automobiles, DVDs, jeans, tee shirts, beer, gold, designer
clothes and handbags, safety vests, security equipment, toiletries, herbs, ginseng, zircon
sand, quartz watches, polyester resin, glycerin, sulphur, playing cards, PS2 parts, and
thousands more!
India
Soybeans / 50,000mt per month
Cigarettes / generic
Garlic / 9kg cartons
American Rice / 5000 MT
Raw wool / 40Ft Container C. I. F at any port at New Mumbai, India
Apples / Will negotiate quantity
Garden Equipment / garden tools
PVC resins / bulk
Iron Ore / 63.5% iron ore fines - Quantity 60,000 lbs x 12 months
Nokia Mobile Phone accessories / Nokia & Sony models of Mobiles
Dried Rosehips / All quantities
Gas-powered trimmers / all sizes
Bricks / Kiln Inlet ISO Shape Bricks 620
Bicycles / BMX, children & MTB models
Rechargeable batteries / Lithium Ion Rechargeable battery
PP29E11146, 3.7 V 1400mAh no.1CR17670
South Korea
Egg powder (animal feed) / All quantities
Olive oil / 500 MT
Yellow Corn / 5000 bsh x 12
Mushrooms / All varieties
Yucca / 5 kilo containers
Cosmetics / Top brand cosmetic sample as sk2, Lancome, Dior, Estee Lauder, Mac, etc
Nose trimmers / all types
Plywood / 4x8 / pallets
Granite / Top grade unpolished India black slabs
Wallpaper / wallpaper made from natural resource
Low density F-board / odd sizes like 22 x 28, 23 x 36, 25 x 40,
Nokia handsets / small quantities
iPod batteries / all quantities
Wi-Fi light switches / high grade
Bluetooth headsets / new only
Used cellphones / 100 bx
Frozen seafood / All types, packaging and quantities
Organic fruit juice / not frozen
Dairy products / All types
Chicken meat / cleaned and processed only. Must pass inspection
White sugar / All grades and quantities
Wine / All varieties
Thailand
Wire mesh / Black annealed wire Bwg 18 = 50 KG/coil = 8 containers @ 25 tons each
Insulation / All type of heat shrinkable tubes and insulation material
Rainwear / All types like gents black, ladies misc design and prints, children’s umbrella,
fancy umbrella, rainwear of all types and uses
Hair clips / All shapes, colors, sizes and quantities
Footballs / football ball number 4-5 and basketball ball number 7 - 20 containers
Platinum / High quality high fashion products
Palm oil / crude palm oil
Herbs / All types especially organic
Zinc ingots / zinc bromide byproduct to manufacture zinc bromide
Computers / All brands and makes
Mobile phone parts / All brands and makes (only new)
Shortening / Organic Shortening
Also, business equipment, paper, lumber, cable, toys, noodles, urchins, fresh fish, crabmeat
and thousands more!
Europe
BAT Cigarettes / Marlbro red and Marlbro light in big quantity
Cocao nibs / All quanities
Frozen broccoli / IQF (frozen) vegetables
Wheat Milling Machine
Almond kernels / Large quantities
Used tractors / All makes, models, brands and year
Palm Oil / Large quantities
Barley (for animal feed) / USA grains
Soya / Soya bean milk quantity:5 FCL In bulk
Fishmeal / All quantities
Hydroponics grow lamps
Soy oil / All types and quantities
Tea / Fresh and organic
Herbs / gymnema sylvsetre leaves
Peanuts / red skin peanuts
Forbes magazine awarded this website Best of the Web four years in a row!
On top of that, the site is devoted to helping importers and exporters make money and
build relationships.
The website I refer to is Alibaba.com.
In the next chapter we will show you this spectacular website in detail. You’ll understand why it
has become the number one import-export portal in the world and on the Internet!
You’ll quickly see why entrepreneurs everywhere are raving about Alibaba.com!
CHAPTER 4
Alibaba.com Facts
Employee Headcount
2,400
2004 Financials
Non-GAAP Revenue: US$68 million
Free cash flow: US$25 million
Alibaba International
(www.alibaba.com) is Alibaba’s business-to-business marketplace for global trade.
Registered members: 1.7 million
Member geographic distribution: 200+ countries and territories
Estimated 2004 transaction volume: US$1.5 billion
Number of site listings: 1.4 million
Alexa.com worldwide website traffic ranking: No. 28
• Alibaba.com has been ranked No.1 as the “Most Popular in International Business
and Trade” on Alexa.com, a subsidiary of Amazon.com which provides independent
website tracking data.
Alibaba China
(www.china.alibaba.com) is a Chinese-language online marketplace for the domestic China
business-to-business trade.
Registered members: 7.1 million
Estimated 2004 transaction volume: US$3 billion
Number of site listings: 7.3 million
Taobao.com
(www.taobao.com) is China’s top ranked consumer marketplace.
Registered members: 9.1 million
Q2 2005 transaction volume (Gross Merchandise Volume or GMV): US$200 million
Number of site listings: 10.3 million
Alexa.com worldwide website traffic ranking: No. 26 in the world / No. 9 in China overall
AliPay
(www.alipay.com) is China’s leading online payment system.
But if you think that’s great just keep in mind that Alibaba.com is just a babe. Alibaba.com has
only been live for three years.
Yahoo! recently entered into a long-term relationship with Alibaba.com to join forces in China.
“eBay thrives elsewhere but may falter in China. eBay may be a shark in the ocean, but I am a
crocodile in the Yangtze River. If we fight in the ocean, we lose - but if we fight in the river, we win.”
Where eBay is more focused on consumer auctions, Alibaba is more focused on entrepreneurs,
and importers/exporters in particular.
But eBay and Alibaba.com members are not at each other’s throats as it may appear.
In fact, Alibaba.com participated in “eBay Live 2005” in San Jose, California last year.
What’s more, entrepreneurs like Steve Gibson (CEO/Skyabove) are using Alibaba.com on a daily
basis for their sourcing needs.
Here is what Steve said about his relationship with eBay and Alibaba.com
“We sell jewelry and consumer electronics products in our eBay store. Running an eBay business
is time consuming. We spend the majority of our time looking for new products to sell. Alibaba has
been like godsend. So far we haven’t had an incident that we cannot find products that we look for on
Alibaba.com. Alibaba is perfect for us!”
Alibaba.com Investors
SOFTBANK Corporation
SOFTBANK Corporation (Tokyo Stock Exchange: 9984) is one of the world’s Internet
leaders. Through its ownership positions in more than 300 Internet companies and its
unique, global approach to building Internet enterprises, it is able to realize
unprecedented synergies among its group of companies.
Fidelity Capital
As the leading global money management firm with over $900 billion under
management, Fidelity Investments goes to great lengths to understand the companies
in which they invest our clients’ money.
Fidelity’s entrepreneurial team of professionals is able to reach investment decisions
quickly while preserving the independent, personal nature of the venture process.
Transpac Capital
Transpac Capital is one of the oldest, largest and most prominent private equity
investment firms in Asia. Transpac Capital has invested in over 190 companies in East
Asia and the United States. The company is headquartered in Singapore and has offices
in China, Hong Kong, Indonesia, Malaysia, the Phillipines, Taiwan, Thailand and the
United States.
Alibaba.com is a solid company with a bright future. More important, there is still time to get in
on the action and make a lot of money fast.
Entrepreneurs are joining in droves because it’s so easy to get into the import/export business
with a portal like Alibaba.com.
More than 300,000 people visit the site every day. Most of the people who come to the site are
global buyers and importers looking to find and trade with sellers in other countries.
Importing and exporting is the fastest growing business sector in the world… and you can be a
part of it!
CHAPTER 5
Google Facts
Google.com is one of the 5 most popular sites on the Internet and is used around the world
by millions of people
Google is the #1 search engine in the Argentina, Australia, Belgium, Brazil, Canada,
Denmark, France, Germany, India, Italy, Mexico, Spain, Sweden, Switzerland, U.K., U.S.
(Nielsen/NetRatings 6/05, based on total number of unique visitors)
Business Model
Google generates revenue primarily through two programs: highly targeted advertising and
online search services.
Support – Two options: (1) Publishers can manage their own accounts, which are activated
through an online application process and implemented by simply cutting and pasting
some HTML onto their web pages. (2) A dedicated sales team customizes programs for sites
receiving more than 20 million page views per month.
Customers – USATODAY.com, ABC.com, Forbes.com and 60% of the comScore Media
Metrix top 100 sites, as well as thousands of other specialty content sites.
Google Search Services enable publishers to search the content on their website — this is useful
to a publisher’s audience, readership and subscriber base because it allows people to search a targeted
pool of content. The search results can also be used to generate revenue with the AdSense program.
Technology – Google search is based on a continuously evolving set of technologies that
offer innovations in every aspect of information retrieval and provide users with the most
relevant results.
Support – Hosted by Google, with results customized to customer’s specifications. Results
available via HTTP and can be formatted in XML or Google’s proprietary protocol.
Updates – Conducted on a regular basis to ensure fresh content.
Reporting – Reports on daily number of traffic, top queries, top keywords searched, and
other information.
Indexing – Billions of pages, the largest index on the web.
Features – Searches can be narrowed to a specific domain/subdomain or a specific
language. Google also supports OR operators, keyword exclusion and phrase searching if
quotation marks are used.
Customers – Washingtonpost.com, AOL/Netscape, Palm, Fujitsu NIFTY (Japan), NEC
BIGLOBE (Japan), NetEase (China),Yam.com (Taiwan), Vodafone Global Platform and
Internet Services Group (U.K.), Retivision (Spain), Sapo (Portugal), and Virgilio (Italy).
The Google Search Appliance is a scalable device that provides searches across individual
websites and/or company intranets.
Technology – Google search is based on a continuously evolving set of technologies that
offers innovations in every aspect of information retrieval and provide users with the most
relevant results.
Delivery – Hosted at the customer’s location on the Google Search Appliance, with results
customized to customer’s specifications. Three models offer search across any size
collection up to 15 million documents.
Updates – Crawls available on a schedule set by the customer. Password protected or secure
pages can be indexed in most cases. Google’s caching technology makes it possible for users
to access pages even if the hosting server is busy or down.
Reporting – Reports on daily number of traffic, top queries, top keywords searched, and
other information.
Indexing – Customers can elect to offer different segments of their index to different users
(e.g., by language, country, etc.)
That’s a lofty goal — but many people believe no one does search better than Google.
Google has also developed its own serving infrastructure and the breakthrough PageRank™
technology. Combined these have changed the way searches are conducted on the Internet.
Google’s developers realized that providing the fastest, most accurate results required a different
kind of server architecture..
Most search engines use several large servers to handle searching tasks but this approach often
slows down during peak loads. Google on the other hand — simply linked PCs to quickly find each
query’s answer.
This innovation (linking PCs) paid off in faster response times, greater scalability and lower costs.
Other search engineshave since copied this approach, but Google is continually working on their
back-end technology to make it even more efficient.
The software behind Google’s search technology is also revolutionary. It conducts several
simultaneous calculations requiring only a fraction of a second.
Most of the other top search engines rely on how often a word appears on a web page.
Google uses PageRank™ to examine the link structure of the web and determines which pages are
most “important”. Then the software conducts hypertext-matching analysis to determine which pages
are relevant to the specific search being conducted. It all sounds very complicated and sophisticated.
But it is very logical and simplistic. By simply combining the overall importance and query-specific
relevance, Google is able to put the most relevant and reliable results first.
PageRank™ Technology
PageRank™ measures the importance of web pages by solving an equation of more than 500
million variables and 2 billion terms.
But instead of counting direct links, PageRank™ interprets a link from one page to another
page as one vote..
PageRank™ then determines a page’s importance by the number of votes it receives. It’s a
simple and logical way to determine the importance of a particular web page.
PageRank™ also considers the importance of each page that casts a vote. Web pages are
considered to have greater value if they cast a vote, thus giving the linked page greater value.
The end result is important pages receive a higher PageRank™ and these pages appear
prominently in the search result pages. Google’s technology uses the “collective intelligence”
of the web to determine a page’s importance.
There is no human involvement or manipulation of the results, which is why users have
come to trust Google as a source of objective information untainted by paid placement.
Hypertext-Matching Analysis
Google analyzes the actual content on a web page too.
However, instead of scanning for page-based text (which can be manipulated by site publishers
through meta-tags), Google’s technology analyzes the full content of a page and also factors in fonts,
subdivisions of content and the precise location of each word. This is another reason why Google’s
search technology is so effective.
But that’s not all — Google also analyzes the content of “neighboring web pages” to ensure the
results returned are the most relevant to a user’s query.
Google pioneered the first wireless search technology for on-the-fly translation of HTML to
formats optimized for Wireless Application Protocol (WAP), i-mode, J-SKY, and EZWeb.
Google provides its wireless technology to AT&T Wireless, Sprint PCS, Nextel, Palm, Handspring,
and Vodafone, among others.
Testing is a common practice of the most successful direct marketers and entrepreneurs.
Once you have identified the best search engines, portals and high-traffic websites for your
purposes you can “roll out” very successful, and relatively inexpensive “campaigns”.
1. Yahoo!
Personalized content and search options. Chat rooms, free e-mail, clubs, and pager.
www.yahoo.com
3. Google
Enables users to search the Web, Usenet, and images.
www.google.com
4. Baidu.com
http://www.baidu.com
5. QQ.com
http://www.qq.com
6. MySpace
http://www.myspace.com
7. Sina.com
http://www.sina.com
8. Yahoo! Japan
http://www.yahoo.co.jp
9. 163.com
http://www.163.com
10. eBay
http://www.ebay.com
11. Sohu
http://www.sohu.com
13. Live.com
http://www.live.com
14. Microsoft
http://www.microsoft.com
15. Amazon.com
http://www.amazon.com
16. YouTube
http://www.youtube.com
17. Wikipedia
http://www.wikipedia.org
18. Passport.net
http://www.passport.net
19. Blogger.com
http://www.blogger.com
20. Google UK
http://www.google.co.uk
21. Taobao.com
http://www.taobao.com
24. Orkut
http://www.orkut.com
26. Go
http://www.go.com
27. Naver.com
http://www.naver.com
28. CNN
http://www.cnn.com
29. CraigsList
http://www.craigslist.org
30. Alibaba.com
http://www.alibaba.com
31. Tom.com
http://www.tom.com
32. Wretch
http://www.wretch.com
33. RapidShare
http://www.rapidshare.de
35. AOL
http://www.aol.com
36. eBay UK
http://www.ebay.co.uk
37. Mixi
http://www.mixi.jp
39. 3721
http://www.3721.com
40. Flickr
http://www.flickr.com
41. Xanga
http://www.xanga.com
42. SOGOU.com
http://www.sogou.com
44. Megaupload
http://www.megaupload.com
45. Friendster
http://www.friendster.com
46. Rakuten
http://www.rakuten.co.jp
49. Mail.ru
http://www.mail.ru
50. Yandex
http://www.yandex.ru
51. Nate.com
http://www.nate.com
52. Daum
http://www.daum.com
53. Livedoor
http://www.livedoor.com
54. Geocities
http://www.geocities.com
55. Hi5
http://www.hi5.com
56. Google SA
http://www.google.com.sa
57. PC Home
http://www.pchome.com.tw
59. Newsgroup.la
http://www.newsgroup.la
61. LiveJournal
http://www.livejournal.com
62. Soso
http://www.soso.com
64. Thefacebook
http://www.thefacebook.com
66. Rediff.com
http://www.rediff.com
67. Zhongsou
http://www.zhongsou.com
68. Comcast.net
http://www.comcast.net
69. Discuss.com
http://www.discuss.com.hk
72. ImageShack
http://www.imageshack.com
75. Mop.com
http://www.mop.com
76. Fotolog
http://www.fotolog.com
77. SourceForge
http://www.sourceforge.com
78. About
http://www.about.com
79. CNET.com
http://www.cnet.com
80. Xinhuanet.com
http://www.xinhuanet.com
84. Soufun.com
http://www.soufun.com
85. China.com
http://www.china.com
86. Uwants.com
http://www.uwants.com
87. FC2
http://www.fc2.com
88. Free
http://www.free.fr
89. MapQuest
http://www.mapquest.com
90. StatCounter
http://www.statcounter.com
91. VNET.cn
http://www.vnet.cn
93. Weather.com
http://www.weather.com
94. Goo
http://www.goo.ne.jp
95. Adobe
http://www.adobe.com
96. CNNIC
http://www.cnnic.cn
97. Digg
http://www.digg.com
98. 21CN.com
http://www.21cn.com
99. CMFU
http://www.cmfu.com
100. HiNet
http://www.hinet.net
3) Link Exchanges
Link exchanges are the process whereby you promote a search engine, portal or high-traffic
site’s products and or services on a website. In turn the reciprocating property does the exact same
thing for you. In many cases it’s simply an agreement to a graphic image or logo that is assigned to a
unique URL.
CHAPTER 6
Selling Overview
Please follow the steps below to sell your products on Alibaba.com.
1. Register
To sell or promote your products on Alibaba.com, you first need to become a member. Simply
click on the “Join Now” link on the top-right corner of any Alibaba.com page and follow the process.
Then you can promote your products to attract buyers.
4. Contact buyers
Once you find a potential buyer for your products, you can contact him/her by sending a
quotation.
5. Promotion Opportunities
You can also promote your business on Alibaba.com by:
Obtaining the priority listing for products in search result listings.
Applying for TrustPass qualification, as well as a TrustPass profile page to further
demonstrate your credibility to buyers.
Selling Lead means a Trade Lead posted by a seller. It can contain product information,
availability, timelines and so forth. Trade Leads are sorted according to the date they are posted. This
makes for a highly interactive and timely method to sell your products.
Free members are allowed to post up to five products. Paid members can post more products and
buy extra product spaces.
Posting Products
You can post Selling Leads in “Selling Tools” within My Alibaba, or from many other pages by
clicking on the “Post Selling Leads” link in the “Seller Tools” box.
Upon publication, buyers will be able to see your Products and Selling Leads, to which they can
reply. All of the buyers’ messages will be sent to your own Message Center in MyAlibaba.
Buying Overview
Buying on Alibaba.com is easy. Follow these steps to begin your buying experience:
If you are new to Alibaba.com, Join as an Alibaba.com member first
Look for Products and Suppliers
Contact Sellers after you find products
Post Buying Leads to get instant seller quotations
Browsing
Click the “Buy” tab on the main navigation bar on any page.
You can browse the extensive product categories to find whatever you want.
Use the filters above the listing to refine your browse.
To see the product categories, click here
Search Basics
If you already know what you are looking for, enter the product name in a search box to start
a search.
The results will look like this:
They will include the title, the posted date, summary, the company name of the seller, its country,
and the icon(s) denoting the membership type(s) of the seller.
The results are sorted by relevance and by membership type.
Use the filters above the listing to refine your search results.
Search Tips
To refine your search results, use the filters above the listing.
If the results are unsatisfactory, reduce the number of words (i.e. “bicycle framework”
instead of “carbon bicycle frame work”).
Avoid keywords which are too specific or specialized (i.e. “4X4 Honda ATV”).
Only search one product at a time.
Don’t include a country/region’s name in your search (i.e. “shoe China”).
Don’t include the word “buyer” or “seller” in your keyword phrase (for example:
“shoe buyer”).
results (i.e. “red+apple” will return results containing “apple,” but may not contain “red,”
although those with the word “red” will be listed first.) Please note: Do not leave any spaces
between the “+” sign and the keyword.
Use minus (-) sign: When using the operator “-” sign, a keyword will not appear in the
search results. (i.e. “apple-red” will return all results containing “apple”, but no results
containing “red” will appear.) Please note: Do not leave any spaces between the - sign and
the keyword.
Remember, make sure that no punctuation marks except +, -, and “ “ are included in your
keyword phrase (i.e. bearing 3000/sec).
Contacting Suppliers
Sending Inquiries
You can send inquiries to sellers you find through browse or search. Use these steps:
Select the checkbox beside each product or supplier you are interested in
Click button.
Complete the inquiry form and submit.
If you check more than one product or supplier, your inquiries will be sent to these
suppliers simultaneously.
Once you send out your inquiry, it will probably take sellers a few days to respond. Their
replies will be sent to your Message Center in MyAlibaba.
Trade Alert
Trade Alert is a customized email that delivers information and business leads directly to you.
Subscribe to Trade Alert to get the freshest business opportunities.
Follow the instructions to set up your Trade Alert preferences. Once you have completed the
process, you will receive Trade Alerts by email as soon as new content matching your preferences is
published online at Alibaba.com.
If you are not yet an Alibaba.com member, you are strongly recommended to join Alibaba.com
and subscribe to the Trade Alert located in MyAlibaba as described above. Or, if you choose to
subscribe to Trade Alert as a non-member, please click “Free Trade Alerts” in the navigation bar of
“Trade Leads — Products — Companies.” Follow the instructions and complete the process.
CHAPTER 7
How to Determine
Which Products to Import/Export
The best way to determine which products to import or export is to look at the Trade Leads on
Alibaba.com.
The Trade Leads will tell you which products are in demand for and which products are not.
An example: There were 48,365 Selling Trade Leads and 3687 Buying Trade Leads posted on
Alibaba.com today.
That means more than 48,000 products were posted for sale and 3687 products were posted that
people or companies wanted to buy.
Both of these figures may be misleading because the quantities of these products are not mentioned.
In one case an exporter had more than one million cubic bushels of rice for sale!
In another post, a company in Mexico had more than 5,000 pounds of fresh coffee beans for sale.
Alibaba.com is one of the best sites on the Internet to determine which products to buy and sell
because the statistics are always posted on the main page.
There’s another section on Alibaba.com called Hot Products. The reason these products are
“hot” is because they’re moving in a big way.
For instance, in the Hot Products section today there were more than 253 products for sale, one
of which was Dried Anchovies from China.
Another Hot Product that a company (also in China) wanted to buy was seashell ornaments
(bracelets, necklaces, and so on).
To help you even further, Alibaba.com has launched a new service called the Resources Channel.
The Resources Channel is a place where you can find essential information, education, tutorials
and discussion forums — all designed to help you become a successful importer or exporter.
Another way to determine hot products and rising trends is by subscribing to News Alerts on
Google. Whenever news is available on the topics or keywords you select you are notified by email
with a link to the story or news source. The Google News Alert service is free and scours more than
4800 top news sources. You will hear news long before your local newspaper prints it. You can
subscribe to the Google News Alert at http://www.google.com/alerts
CHAPTER 8
The most common reasons for obtaining products from overseas manufacturers is to wholesale
them to companies in other parts of the world.
This is another exciting aspect to running a profitable import and export business over the Internet.
Your objective is to identify companies that need specific products and then identify the
manufacturers that produce them.
For example: Let’s say that you identified a company in Zimbabwe that needs 900 tons of maize
every month for 12 months.
The next step would to identify a company that grows or produces maize. The company could be
located anywhere in the world — it doesn’t matter in this case.
A simple search of “selling leads” on Alibaba.com located several companies that grow and
export maize. Upon further investigation you learn that three companies are able to fulfill an order of
900 tons per month.
You would contact the company in order to obtain a price quote that includes shipping.
Once you’ve obtained this price quote you would notify the company in Zimbabwe that you
would like to submit a bid — they accept your bid and you reach an agreement.
Now arrangements will need to be made with regards to money transfers and shipping.
There are several ways to approach this but either way Aliabab.com makes it easy – and
especially with the new TrustPass Program. The TrustPass Program pre-approves companies and
obtains letters of credit and references.
In this example we used two companies (buyers and sellers) that we listed on Alibaba.com.
But believe it or not, most business people have never even heard of Alibaba.com…which makes
you — with your business expertise and knowledge — even more desirable and unique.
Let’s say, for example, that you’ve located companies in China, Australia, Brazil Egypt or United
Arab Emirates that are not familiar with Alibaba.com.
The companies that you’ve identified need certain products — in this case, dairy products.
All you need to do is search the selling leads on Alibaba.com for dairy products.
You find a company that manufactures all kinds of dairy products and is able to ship them via
refrigerated containers to anywhere in the world.
Next you check back with the companies that need dairy products and find out specifically which
dairy products they need, and how much.
Then contact the selling lead for a specific price quote that includes shipping and any other fees.
Finally, you would contact the company that needs the dairy products and you submit your bid.
But remember — you’re in the import/export business to make money — so be sure to increase
the price of your dairy product bid by at least 15%.
Obviously a 15% surcharge or commission will not be suitable for every product and every deal
that you transact.
It will take some time for you to learn the specifics for each product and market you’re involved
in, but with experience, you’ll find it’s easier and easier.
The best thing to do is to open a bank account specifically earmarked for your import/export
business.
Once the account is opened you can ask your bank representative for the wire transfer details.
[Note: If the bank representative is clueless about wire transfers then you’re at the wrong bank or
it’s too small or unable to handle international transactions.]
Wells Fargo
http://www.wellsfargo.com
Bank of America
http://www.bankofamerica.com
CitiGroup
http://www.citigroup.com
HSBC Holdings
http://www.hsbc.com
Dresdner Bank AG
http://www.dresdner-bank.com/
UBS Group
http://www.ubs.com
Bank Leumi
http://english.leumi.co.il
Once you have an account that can accept wire transfers you can start making deals.
Most of the time a portion of the money is set-aside in a type of escrow (you’ll learn more about
this later). Escrow is a fairly common procedure when it comes to international business — and
specifically with respect to import/export businesses.
The escrow procedure protects both parties should something unexpected transpire.
For example, let’s say that you’ve completed your first deal. A portion of the money is wired into
your account. The remaining portion will be wired once the buyer receives the product.
But what if the boat carrying the product capsizes in the North Atlantic due to a horrendous
storm. The entire product onboard is lost. Who pays?
There are provisions in every import/export deal and agreement that specifically address such
unfortunate circumstance.
You can see that obtaining products from overseas manufacturers can be fun, easy and very profitable.
In the example of the buyer who was interested in obtaining maize — the profit would have
worked out as follows:
Buyer
Agrees to purchase 900 pounds of maize at 70 cents per pound ($630) for 12 months (for a total of
$7,560 plus $1,950 for shipping).
Seller
Agrees to sell 900 pounds of maize to you for 45 cents per pound ($405) for 12 months (for a total
of $4,860 plus $1,950 for shipping).
Buyer agrees to wire half of the amount that you quoted into your account ($3,780) — you in
turn wire half of the amount the Seller quoted to you ($2,430).
Buyer agrees to wire the remaining amount in full upon receipt of the first shipment (terms
obviously will vary) — which in this case would $3,780.
Your profit would calculate as follows:
Buyer Quote and Agreed Upon Purchase Price: $7,580 (+ shipping)
Seller Quote and Agreed Upon Selling Price: $4,860 (+shipping)
Your Profit: $2,720
Not bad for a couple of emails and/or phone calls!
But keep in mind this is a very small deal. There are thousands of deals like this waiting to be
completed with your name of them!
The wholesale side of any import/export business can be very profitable.
On top of that, the size of the deals can be significant.
Obtaining products from overseas manufacturers is fairly easy to do with Alibaba.com. The most
common reason for obtaining products from overseas manufacturers is to wholesale them to
companies in other parts of the world.
In the next chapter we’ll show you the secrets for reselling imported products on the Internet.
CHAPTER 9
These are generally accepted prices that you could expect to pay when importing these
products in bulk:
Under $45 Import Price
Optical mouse $1.95
Crème brulee torch $7.50
Glow stick $.22
Pond pumps $8.00
Emerald ring $2.50
Chopsticks $.14
Forceps $1.95
Docking station $2.25
Cargo pants $5.00
Whey protein powder $.90 lb
Buffalo meat $.80 lb
Low rise jeans $3.40
Olive oil $6.00 gal
Running shoes $3.35 pr
Bumper stickers $.27 ea (unprinted)
Skim board $1.98
Viagra $.65 tablet/generic
Mp3 player $6.65
Lawn gnome $2.25
Vitamins $1.55 bottle
Herbs and extracts Varies
The profit potential for selling products like these on the Internet is staggering!
Granted, in some cases you will need to purchase bulk quantities (but not always), so you’ll want
to be sure that you can move a particular product.
There are powerful resources on the Internet available to Import/Export entrepreneurs that will
help you determine which products require that you purchase them in bulk or not.
If you’re selling into a hot market, like the products listed above, you don’t want to have a huge
stockpile or inventory.
Always keep in mind that markets and the demand for products shift quickly.
In order to resell products on the Internet you’ll need a website where people will visit to find out
about your products and order.
There are many ways to approach this part of the import/export business but starting small and
as inexpensively as possible is always a good rule of thumb.
Copy success.
Copy the design, layout, navigation and ordering process of the websites that are selling the most
products on the Internet.
Granted, you may not have the same budget as Amazon.com, Buy.com or Overstock.com so
duplicating these websites might appear to be difficult.
Amazon.com consisted of less than 75 pages when it launched in 1998. Today there are
thousands of pages of reviews, product photos, content and recommendations.
You’ll want to copy the “essence” of what makes these websites so effective with respect to selling
products on the Internet.
eBay (eBay doesn’t actually sell any products — but they facilitate sales – it’s still a good model)
http://www.ebay.com
Overstock.com
http://www.overstock.com
Wal-Mart
http://www.wal-mart.com
Yahoo! Auctions
http://www.yahoo.com
Target
http://www.target.com
BestBuy
http://www.bestbuy.com
Netflix
http://www.netflix.com
eBay Stores
http://stores.ebay.com
Buy.com
http://www.buy.com
Sunglass Replicas
http://www.sunglassreplicas.com
Vitamin World
http://www.vitaminworld.com
800-Pillows
http://www.800pillows.com
HealthyPetNet
http://www.healthypetnet.com
Christmas Ornaments
http://www.bronners.com
You don’t need to design or build websites yourself — hire freelance contractors to do it for you!
In most cases the designers and developers that you find on these sites are very reasonably priced.
eLance
http://www.elance.com
ScriptLance.com
http://www.scriptlance.com
GetAFreelancer
http://www.getafreelancer.com
In the next chapter we’ll show you how to import products for the retail market.
CHAPTER 10
Retail News indicated recently that there are more than 22,000 products sold in retail business
around the world!
The opportunities for import entrepreneurs who want to sell products to retail business owners
are unlimited.
What’s more, you can start out small, with almost no capital, and build your business part-time.
Additional resources
Retail Industry
http://retailindustry.com
Retail Forward
http://www.retailforward.com
RetailNet
http://www.retailnet.com
Retailer Management
http://www.retailernews.com/archives.html
America’s Gift Show (excellent online resource for importers and retailers)
http://www.americasgiftshow.com
Approaching retailers is easy! The best prospects will be the retailers that already purchase
products from importers, or wholesalers.
In addition to the resources listed above you can also contact mailing list brokers that specialize
in managing lists of retail business owners. A quick search on the Internet or Yellow Pages will
produce hundreds of potential brokers.
Once you have obtained a mailing list of retail business owners you can send them a simple letter
of introduction. Almost everyone in business today has a website. You can include your website
address in your letter. If you don’t have a website that won’t be a problem. You can build and post one
on the Internet in no time flat. We’ve included some resources below to help you do just that.
Here is a sample letter that could be used when contacting retail business owners:
Date
Ms Jessica Doe
XYZ Retail
1111 Jackson Blvd.
Kansas City KS
Dear Ms Doe:
My name is John Brown. I’m the founder and President of the Premium Gift Company in
Miami, Florida.
We import thousands of products and gift items from around the world, and wholesale them to
retailers at deep discounts.
I’ve been to your website — so I’m familiar with your products and customers.
Would you be open to reviewing some of our products and prices?
No one will call you (unless you want us to)!
You can submit your request for specific products/prices via our website, email, fax or 24 hour
voice mail system.
We’ve been in business since 2002 — and we currently serve 103 retail businesses just
like yours.
We would love an opportunity to be of service to you!
Please call, write or stop by our website today.
Thank you.
Sincerely yours,
John Brown
Premium Gift Wholesale Co.
http://www.premiumgiftwholesale.com
(800) xxx xxxx
jbrown@premiumgiftwholesale.com
P.S. We offer free shipping to your business for the first 6 months. That means there are NO
shipping charges whatsoever for the first 6 months. All the more reason to give us a try!
In the next chapter we’ll show you how to become an import middleman!
CHAPTER 11
But there’s another twist to an import/export business — and that is becoming a “middleman.”
This is the part of the business that enables you to compete with other importers and exports for
major multimillion-dollar deals.
The learning curve may be a bit steeper than other aspects of an import/export business — but
the rewards and benefits are greater as well.
Many countries and companies have insatiable appetites for thousands of different types of products.
For example, there are companies that import millions of cubic tons of soybeans, tea, coffee,
corn, wheat, steel, coal, copper, zinc and aluminum.
Often times the purchasing directors place orders directly with manufacturers in other parts of
the world.
The problem is, although they purchase millions of cubic tons of product, in some cases they
need more — a lot more!
You will simply identify the companies that are importing the largest quantities of products and
then find secondary suppliers for them.
Singapore imports tens of millions of metric tons of wheat every year. They’re buying it from someone!
All you need to do is locate a company that is able to fulfill this request.
You could work on a retainer or commission basis to begin with if you don’t have the capital to
“float” deals this size.
In other words, you would locate a company that is able and willing to fulfill an order of this size
(25,000 metric tons per month). Then you would contact this company and tell them you have a
prospective buyer in Singapore. If they’re interested in submitting a quote they will need to “retain”
your services.
But most companies want to move product as quickly and trouble free as possible.
You’ll find that many companies will be eager to work with you.
But as you can see — this is a great income opportunity.
On the other hand, if you do have the capital to float deals like this you would simply obtain a
quote from the manufacturer or producer for 25,000 metric tons of wheat (durum).
You would submit this quote (with a 15% premium added — your profit) to the interested party.
If the quote were accepted you would arrange for payment and delivery.
It’s that simple!
What’s more, money flows very quickly in the import/export industry, unlike hundreds of other
industries.
An import/export middleman simply facilitates large product orders by bringing buyers and
sellers together and making a “premium” or percentage of the deal.
Global Sources
http://www.globalsources.com
FITA
http://fita.worldbid.com
ImportEurope
http://www.importeurope.com/
ForeignTrade.com
http://www.foreign-trade.com/
Export Bureau
http://www.exportbureau.com/
Trade India
http://www.trade-india.com/
In the next chapter we’ll show you how to dominate the major search engines and directories.
Dominating the search engines and directories will help promote your import/export middleman
strategies, or promote specific products and services.
CHAPTER 12
Dominating Internet
Search Engines and Directories
If you’re planning to import products from companies and individuals overseas and sell them on
the Internet, you will need to learn how to dominate search engines and directories.
This information and insight will give you a tremendous edge over most of the people that sell
products on the Internet — or do any kind of Internet marketing.
Today, top search engines will index hundreds of millions of pages, and respond to tens of
millions of queries per day!
In this chapter, we’ll tell you how these major tasks are performed, and how Internet search
engines put the pieces together in order to let you find the information you need on the Web.
Before the Web became the most visible part of the Internet, there were search engines in place
to help people find information on the Internet.
Programs with names like “Gopher” and “Archie” kept indexes of files stored on servers
connected to the Internet. This dramatically reduced the amount of time required to find programs
and documents.
In the late 1980s, being a serious Internet user meant knowing how to use gopher, Archie,
Veronica and the rest.
Most Internet users today limit their searches to the Web, so we’ll deal with the search engines
that focus on the contents of Web pages.
In order for a search engine to tell you where a file or document is, it must be found.
To find information amidst the hundreds of millions of Web pages that exist, a search engine
employs special software robots called spiders. Spiders build lists of the words found on Web sites.
When a spider is building its lists, the process is called Web crawling.
In order to build and maintain a viable list of words, a search engine’s spiders have to look at
a lot of pages.
This can be really helpful, especially in cases in which the words on the page might have double
or triple meanings — a meta tag can guide the search engine in choosing which of the several
possible meanings for these words is correct.
There is a downside with over-reliance on meta tags, though. A careless or unscrupulous page
owner might add meta tags that fit very popular topics but have nothing to do with the actual
contents of the page. To protect against this, spiders will correlate meta tags with page content,
rejecting the meta tags that don’t match the words on the page.
There are two components involved in making the gathered data accessible to users:
The information stored with the data
The method by which the information is indexed
In most cases a search engine could just store the word and the URL where it was found. But in
reality, this would limit the search engine in a big way because there would be no way of telling
whether the word was used in an important or a trivial way on the page.
In other words, there would be no way of building the “ranking list” that tries to present the
most useful pages at the top of the list of search results.
In order to deliver more results, most search engines store more than just the word and URL.
An engine might store the number of times that the word appears on a page.
Each commercial search engine has a different formula for assigning weight to the words in its
index. This is one of the reasons why a search for the same word on different search engines will
produce different lists, with the pages presented in different orders.
There are a number of ways to build an index, but one of the most effective ways is to build a
hash table. In hashing, a formula is applied to attach a numerical value to each word.
The formula is designed to evenly distribute the entries across a predetermined number of divisions.
This numerical distribution is different from the distribution of words across the alphabet, and
that is the key to a hash table’s effectiveness.
In English, there are some letters that begin many words, while others begin fewer. You’ll find, for
example, that the “M” section of the dictionary is much thicker than the “X” section. This inequity
means that finding a word beginning with a very “popular” letter could take much longer than finding
a word that begins with a less popular one.
Hashing evens out the difference, and reduces the average time it takes to find an entry. It also
separates the index from the actual entry.
A hash table contains the hashed number along with a pointer to the actual data, which can be
sorted in whichever way allows it to be stored most efficiently. The combination of efficient indexing
and effective storage makes it possible to get results quickly, even when the user creates a
complicated search.
In the next chapter we’ll discuss the benefits of having powerful linking strategies in place.
On the surface this topic might appear to have nothing to do with an import/export business.
But entire World Wide Web is built on hypertext links! If you’re going to do business on
the Internet, or market anything on the Internet — it’s absolutely crucial that you understand
linking strategies.
CHAPTER 13
You can learn about Eric’s linking services and URL announcement services here:
http://www.ericward.com
You can also listen for FREE to a 30-minute, power packed interview that Eric gave to SEO-Radio
on Linking Strategies here: http://www.seoradio.com/20050322-eric-ward-on-link-publicity.html
Either way you look at it linking strategies are absolutely crucial to the success of your website as
it relates to traffic, popularity and search engine page ranking.
The search engines love passive links like this. Why? Because they can trust them.
Here’s an example. You sell organic produce. You have a web site. You sell your produce all over
the U.S., to hundreds of stores, food chains, and specialty markets. You’ve never once asked anyone
to link to your site, yet your site has several hundred links. How can this be?
Reason 1:
Many of the stores you sell your organic produce to also have web sites, and on their sites they
have a section named “Suppliers”. In this section they list the companies (like yours) that they
purchase products from, and when those companies have web sites, they make a link out of
the company name.Bingo, a passively obtained backlink for your organic produce company.
Reason 2:
You are going to attend an upcoming trade show for your industry. It just so happens that
the trade show has a web site, and on the trade show site there’s a section with links to the
web sites of all the companies that are going to attend. Once again, another passively
obtained backlink.
These are just a couple of reasons a site might have links they didn’t seek. Search engines
judge these types of links as being a better indication of the quality of the content on the site
they are linked to than the links you DO actively pursue and obtain. This makes sense to a
certain point, since the basic nature of the web from the early days was a massive network of
passively obtained links. Back in 1993, nobody was seeking links in order to improve their
search rankings, because none of the search engines looked at links. They looked on-site only.
But here’s a dirty little secret. Many links that appear to have been passively obtained are in
fact actively obtained.
How do I know this? Because many of the links I mentioned for the organic produce
company in “Reason 1” (above) actually came about because I requested them. Many of the
grocery web sites existed before the organic produce company had a web site, so the grocery
store sites couldn’t link to the organic produce site, since there was nothing to link to.
But once the organic produce company launched their web site, there was something for the
grocery store sites to link to. The only catch is that all those grocery sites have no idea the
organic produce company has launched a site, so link requests HAVE to be made.
What appears to be a passively obtained backlink is in fact an actively obtained backlink.
All this masks the more important lesson: Every web site has its own universe of inbound
links it can reasonably expect to come about from a passive approach.
But you can’t just sit back and wait for a webmaster somewhere to happen upon your site and
link to it. The key is to be strategically active, rather than randomly active. Make sure you
know which sites are the best targets for your link requests. If you aren’t sure, seek advice
from someone you trust. The goal is not to trick the engines into thinking an actively
pursued link is a passive link. It’s to make sure you obtain the links your site has a natural
and logical reason to obtain. Identifying the natural and logical targets is 90% of the battle.
Until next time, I remain,
Eric Ward,
The Link Mensch
In order to accurately view a page’s PageRank, according to Google, you will need to install the
Google Toolbar into your Internet Explorer. Download it from http://toolbar.google.com/
You’ll notice after it’s installed that there’s a green “PageRank” meter. That meter is your window
into the inside of Google, telling you how important and high-quality Google considers your site to
be. And thus how well it’s going to rank in a relevant search. Placing your cursor over the meter will
display the numerical rating, an integer value between 1 and 10.
Granted the PageRank meter isn’t very precise, but nonetheless it is still immensely illuminating.
You can learn more about “PageRank” at: http://www.google.com/technology/
Once the Google toolbar is installed, you can start visiting sites that you want to consider
requesting links from to see how good their PageRanks are. Those with high PageRanks are the ones to
approach for reciprocal links, because they’ll help you the most with improving your own PageRank.
Don’t forget that your PageRank is only part of the equation. A web page must still have enough
content on it for Google to ascertain its theme. According to the CTO of Google (see the interview at
http://www.ibizinterviews.com/craigs1.htm for more), the key to ranking well in Google is two-fold:
having content-rich web pages, and building a web of links to your site from other reputable,
relevant sites.
Most people will tell you that links from Yahoo and DMOZ to your site are vital, and to a certain
extent I agree. Who wouldn’t want to be listed with two of the most widely used directories in the
world? It’s what marketers do after they get the Yahoo and DMOZ links that can make or break them.
Pursuing links just for Pagerank and Link Popularity in the major search engines is not going to go
away, as much as I wish it would. And by trying to impact Pagerank artificially, Pagerank as it is
determined now is doomed. Whether that happens in 2005 or 2010 I don’t know, but once thousands of
sites are after links for reasons other than relevancy, no link can be trusted enough to reward it, right?
Aside from the ethics of link building, pagerank, etc. let’s discuss sites and search engines
dedicated to niche topics. Niche and topical search engines and directories can bring your site
highly targeted traffic, maybe not a stampede of traffic but a steady trickle of perfectly qualified users.
And while some marketers are quick to claim nobody uses niche search engines because they’ve
never heard of them, I can tell you from ten years of experience they’re wrong.
It probably wouldn’t surprise you to find out there were search engines devoted to popular topics
like financial web sites or even Fish web sites.
But for proof that search engines are truly going vertical, look no further than ElvisFind, a search
engine and directory that only indexes content about Elvis Presley.
At the time of this writing ElvisFind contained 320 Elvis related web sites in 9 categories.
Obviously, if your site doesn’t have content about Elvis Presley, you have no reason to request a link
from them or submit your site to their editors.
But if your site sells vacation packages to Memphis and has a “Spend the day at Graceland”
package, well, suddenly ElvisFind makes a lot more sense.
Some specialty search engines focus on more than just a specific topic. SearchEdu.com is a good
example. This search engine indexes pages from educational sites hosted on .edu domains. I use this
search engine to find links to pages at educational sites, since for my kind of clients’ educational links
pages are extremely useful (and they are pretty good for improving Pagerank too).
One nice aspect about specialty search engines is they typically don’t charge for links (although a
few have started charging), and better still I’ve noticed they add links and index sites far quicker than
most of their bigger brethren. There isn’t a sandbox at ElvisFind...
While there are hundreds of specialty search engines available, it can be hard to find the best
ones in any particular subject area. I have included some of the tools I use below. Once you find a
specialty search engine, the link request or site submission process is usually fairly straightforward.
Look for the “add your site” link and follow their directions. Options may even be available for paid
links or sponsored links.
Here are some online tools you can use to find specialty search engines.
SearchEngineGuide
http://www.searchengineguide.com/searchengines.html
InvisibleWeb
http://www.invisible-web.com/
Powerful linking strategies can propel your import export business into the stratosphere.
In the next chapter we’ll walk you through the process of buying keywords on the major search
engines. Keyword advertising will enable you to promote products to a very targeted audience of
eager buyers. We’ll dispel all of the popular misconceptions and walk you through the keyword
buying process step-by-step.
CHAPTER 14
There are currently two ways or methods for purchasing keywords and phrases on search engines.
1) Cost per click (CPC)
2) Flat fee
Both of these methods have advantages and disadvantages.
Let’s talk about why someone with an import/export business would purchase keywords and/or
phrases on a search engine or directory.
Let’s say that you’re reselling products on the Internet that you’ve imported from China.
Let’s also say that you have a retail component and a wholesale component to your business.
On the retail side you are targeting individuals or businesses that only purchase products in small
quantities. — Let’s say that your product is tee shirts.
On the wholesale side you are targeting retail stores, shops and the like.
The best way to approach this is to keep the two components completely separate.
That’s not what most people do — but most people do not understand how the Internet works.
If someone comes to your retail site and checks out your products — and then stumbles onto
your wholesale section — they’ll be shocked to learn they’re paying up to ten times the wholesale
price (or more)!
That’s true even if you have special or secured access to the wholesale section.
It’s much better to keep the two components (retail and wholesale) completely separate and on
different websites (and domains).
Okay — let’s talk about purchasing keywords and/or phrases in the top search engines.
Google’s AdWords is likely the most popular advertising network for search engine keyword
purchases on the Internet.
The Google AdWords “system” is really quite simple.
Adword Analyzer
http://www.infoproductcreator.com/part/adwanalyze
URLTrends
http://www.urltrends.com
Google
http://www.google.com
MSN
http://www.msn.com
AOL
http://www.aol.com
Go.com
http://www.go.com
SearchScout
http://www.searchscout.com
Lycos
http://www.lycos.com
AltaVista
http://www.altavista.com
Excite
http://www.excite.com
ExactSeek
http://www.exactseek.com
FindWhat
http://www.findwhat.com
LookSmart Listings
http://listings.looksmart.com
Enhance.com
http://www.enhance.com
ePilot.com
http://www.epilot.com
Kanoodle
http://www.kanoodle.com
Dogpile
http://www.dogpile.com
Vivisimo
http://www.vivisimo.com
HotBot
http://www.hotbot.com
Kartoo
http://www.kartoo.com
Mamma.com
http://www.mamma.com
SurfWax
http://www.surfwax.com
Excite
http://www.excite.com
Fazzle
http://www.fazzle.com
InfoGrid
http://www.infogrid.com
IXQuick
http://www.ixquick.com
MetaCrawler
http://www.metacrawler.com
Turbo10
http://www.turbo10.com
Lycos InSite
http://insite.lycos.com
Buying keywords on the top Pay Per Click (PPC) Engines will help you target eager buyers for
your imported products. Another popular alternative to PPC engines are flat fee keyword buys like
those offered on ExactSeek.com.
In the next chapter we’ll show you the secrets of effective online advertising.
CHAPTER 15
Targeted email newsletter subscribers have opt-in and/or requested specific information
or publications.
Generic email lists typically start out with someone making a specific purchase or request for
information. But as months and years pass these lists are used hundreds of times — over and over —
and become “watered down” and in most cases irrelevant.
For example, someone may have requested information on a new business directory. The
publisher sends the subscriber the information that was requested.
But the publisher continues to send the requester email every week for a year offering other
products and services.
Then the publisher sells his or her company and the new publisher begins sending email three
times a week selling everything from business directories, to website hosting, ecommerce products
and more.
This is why people end up receiving hundreds of email that has nothing to do with the
original request.
It’s called “generic email” — it’s a common occurrence but an accepted practice for many
advertising agencies and email list brokers.
Targeted email newsletters on the other hand often address topics or categories rather than a
specific product.
There are millions of email newsletters circulating on the Internet today covering everything
from animal health to network security.
Most email newsletters are typically only a standard web page in length and only feature two or
three advertising messages.
The advertising spots are fairly large (by industry standards) and measure 400 x 175 pixels.
This particular email newsletter reaches a very targeted audience and has 500,000+ opt-in
subscribers.
BlogAds
http://www.blogads.com
RSS –Ads
http://www.rssads.com/rss/default_rss.jsp
Podcast Directory
http://www.podcastdirectory.com/advertising/
Google Groups
http://groups.google.com
Topica
http://lists.topica.com
CraigsList
http://www.craigslist.com
The key to effective online advertising is to focus on a targeted audience. Buying advertising on
the major search engines (keyword ads), email newsletters, blogs, RSS feeds, podcasts and discussion
lists can be very effective.
In the next chapter we’ll show you how to resell imported products through classified ads.
CHAPTER 16
Granted, thousands of new classified websites have been launched in the past few years with an
eye to taking revenue from print newspapers and magazines.
But the problem with most of these sites is actual real-time traffic.
What’s more, whenever you ask the site’s owners or customer service for verified traffic results
and statistics they often misplace your email — by accident of course.
People from every walk of life visit CraigsList on a daily basis looking for jobs, apartments,
relationships, automobiles, advice, companionship, freelance experts and more.
In the old days you would place an ad on an online classified site and wait until someone responded.
But that has all changed. Today you can automate the process with software and manage your
online classified campaign with a couple of clicks.
Due diligence is an absolute requirement when it comes to classified submission software and
submission services — not all are created equal!
The best way to find out if classified submission software or a submission service is legitimate is
to ask people that have used it. The best place to do that is on webmaster and eBusiness marketing
forums — WebmasterWorld.com and WarriorForum.com.
Online classified sites can be a tremendous source of customers and targeted traffic if used correctly.
Most online classified sites have very little traffic — let alone targeted traffic.
You’ll want to focus on the top 15 or 20 online classified sites that have significant targeted traffic.
It’s a good thing to remember that most people come to online classified sites to save money —
they’re looking for a deal.
On top of that, other than automobiles, concert tickets or cruise vacations, lower priced products
will always sell better.
Information products like eBooks, eReports and software programs priced under $30 often
perform well on classified sites, too.
Inetgiant
http://www.inetgiant.com
TraderOnline
http://www.traderonline.com
AOL Classifieds
http://classifieds.aol.com
US Free Ads
http://www.usfreeads.com
Sell.com
http://www.sell.com
CraigsList
http://www.craigslist.com
Yahoo! Classifieds
http://classifieds.yahoo.com
Live Deal
http://www.livedeal.com
Ziply
http://www.ziply.com
AdPost
http://www.adpost.com
Half.com
http://www.half.com
AdQuest
http://www.adquest.com
SFGate
http://www.sfgate.com/classifieds
AmericaNet
http://www.americanet.com/Classified
Loot.com
http://www.loot.com
eClassifieds
http://www.e-classifieds.net
ClassifiedAds.com
http://www.classifiedads.com
eDirection
http://www.edirection.com
Online classified ads are a great way to advertise to a very targeted audience of prospective
buyers (looking for a good deal). Online classifieds are typically less expensive than all other forms of
advertising. Some classified sites like CraigsList and Yahoo! reach millions of people every month.
Granted, you probably won’t get rich by selling products through classified ads — but it can
provide a nice supplemental income stream.
In the next chapter we’ll show you the benefits of having eStores and how to market them successfully.
CHAPTER 17
Ten years ago eStores were expensive, complicated and required hours of sophisticated programming.
What’s more, many of the online stores today are inexpensive and incredibly easy to maintain.
Whenever you begin selling products online to the public you should test the system yourself.
That doesn’t mean delegating the task to a webmaster, programmer, graphic designer, customer
service person, web host or customer.
We recommend that you test the system yourself using your credit card and money!
Believe it or not — most of the people that do business online never bother to check the ordering
process themselves. They just assume the system has been checked and doubled checked.
If you place an order on Amazon.com you will see how the ordering process and confirmation
should look.
The key is to enable users to place orders (and send money!) as quickly and efficiently as
possible. If you do it right in the beginning you won’t have to mess with it down the road.
One of the most difficult aspects with respect to programming and database administration for
any online store is the inventory and shopping cart process.
But there’s no need to get overwhelmed. There are dozens of online store systems available on the
Internet today that do most of the work for you.
In most cases it’s a good idea to start small and gradually increase the size of your inventory (if
you so desire).
If you’re only going to focus on and offer a few products — that’s even better because it will be
incredibly easy to maintain and support such a system.
What do we mean by an online store that offers products “on demand”?
Simply put — you should be able to instantly create a product and/ or product category in your
online store.
For example, Hurricane Katrina in 2005 was a devastating event. Millions of people were displaced.
Many entrepreneurs saw an opportunity to help people by selling “on demand” products that
were in demand, like waterproof flashlights, first aid kits, oxygen tanks, food, clothing and even
donations to the American Red Cross.
Important Note: Offering donations to non-profit organizations like the American Red Cross can
be tricky. There is often more involved than just placing a “Donate Here button” in your online store.
Be sure to check the requirements, policies and procedures for each non-profit group before offering
this option in your online store.
Here’s another example: A national TV news magazine ran a special feature on the health benefits
of Chinese ginseng.
People began searching Google in droves to find places to purchase Chinese ginseng online.
If you didn’t offer ginseng in your online store — you could quickly add it and include a
professional photograph. You would need to have the product on hand or in inventory in order to
fulfill the demand.
You could also purchase the keywords “Chinese ginseng products” (and maybe the name of the
television show that broadcast the special feature!) on Google or the other top search engines in a
couple of minutes.
That’s what we mean by building and marketing online stores and products — on demand… the
objective being to sell products “on demand” quickly and easily.
MIVA
http://www.miva.com
Volusion
http://www.volusion.com
SalesCart
http://www.salescart.com
ShoppingCartPlus
http://www.shoppingcartsplus.com
ShopFactory
http://www.shopfactory.com
KingCart
http://www.kingcart.com
Storefront
http://www.storefront.net
AbleCommerce
http://www.ablecommerce.com
EasyCart
http://easycart.com
Bizland
http://www.bizland.com
InstantOnlineStores
http://www.instantonlinestores.com
DollarDays
http://www.dollardays.com/openastore.asp
WirePlanet
http://www.wireplanet.com/svc_webstore.asp
BuyIt-Sellit
http://www1.buyitsellit.com
2Checkout
http://www.2checkout.com
eBay Storefronts
http://pages.ebay.com/storefronts/seller-landing.html
CHAPTER 18
ACTION PLAN
Fast Start Strategy – Completing Your First Deal
The first step toward building a profitable Internet based import/export business is taking the
right action.
After completing your first deal your entrepreneurial juices will start to flow. New ideas,
approaches and methods will begin appearing as if out of nowhere.
Ask any successful entrepreneur what the single most important element to their success is and
invariably they will tell you — taking action on an idea.
Bill Gates, the founder of Microsoft (and richest man in the world according to Forbes magazine),
said in an interview recently that hundreds of people were developing software programs and
operating systems for personal computers. The one thing that set him apart was that he acted on his
idea of becoming “the” operating system for personal computers.
Taking action — no matter how large or small — will make a difference in your business success.
Once you’ve decided to take action the next step will be to determine what area of importing and
exporting you would like to focus on initially.
Don’t make this step too difficult — it’s simply a matter of what aspect of this business interests
you the most.
If you’re interested and become passionate about a specific area the details and money will
follow if you take the right action.
We‘ll develop an Action Plan for each of these areas. Your plan may be slightly different, but this
will give you a start in the right direction.
Near the top of the page next to “Search,” you will see a pull-down menu that includes Buying
Leads and Selling Leads.
By the way, if you haven’t registered as a member you should do so now (it’s free).
Click on Buying Leads and you’ll see 30 Product Categories. Select Agriculture. In today’s listing
there is an entry entitled Buy Onion. ("Alibaba is constantly updating its buyers and sellers so by the
time you read this, these directions may no longer show you a lead for Buy Onion, but I want to use
this example to illustrate how easy it is to match buyers with sellers and profit from it!") This is
a company that is interested in buying large quantities of size 5-7 red onions. The company is
located in Malaysia. When you click on their listing you also learn they need the onions shipped in
10kg mesh bags.
Save this web page — and open a new window in your web browser (File -> New Window) and go
to the Alibaba.com home page again.
In today’s listings there are several companies that are selling red onions.
Let’s pick the company with a “TrustPass” certification. This will help us identify the most trust
worthy company; one that is experienced at exporting.
If we click on this Seller’s Listing we find out they sell red onions (sizes 5-7 are very common) and
ship them in mesh bags.
Further down in their listing we’ll see the Contact Information. Click on the Inquire Now button.
We need to ask this seller to send us a quote for twenty 10kg mesh bags of number 5-7 red onions
including shipping costs to Malaysia.
Once we’ve obtained this quote we can contact the interested Buyer and give them the quote.
But remember if you’re Matching Buyers and Sellers you will need to make a reasonable profit.
When you send a quote to the Buyer our suggestion would be to add 15% to the quote. This 15%
charge will be your profit.
When the Buyer agrees to purchase the product (in this case red onions) they will send you from
one third to one half of the purchase price. You will need to send this same amount to the Seller.
After the product has been shipped by the Seller and received by the Buyer the remaining funds
will be sent to you (typically by wire transfer).
You will in turn send the remaining balance due to the Seller (less your 15% markup/profit margin).
That’s it!
In this case let’s say the quote that you received from the Seller was $75 for each 10kg mesh bag
of red onions (this includes shipping to Malaysia).
The Buyer has requested 100 bags, so 100 bags x $75 each = $7,500.
But that’s not the quote you’ll send to the Buyer — when you send a quote to the Buyer you will
need to include a 15% profit margin on the total order.
To calculate your profit margin, multiply the Seller’s price x your percentage profit margin:
$7,500 x 15% = $1,125 (your profit margin).
The quote that you send to the Buyer will be $7,500 + $1,125 = $8,625.
The only things that are involved with matching a Buyer and Seller on Alibaba.com, are sending a
couple of emails (or making a couple of phone calls), overseeing the shipment, and collecting $1,125
for your efforts.
In Chapter 10 we discussed ways of identifying some of the products that have a strong demand.
But let’s use 100% cotton t-shirts for illustration purposes (there are actually thousands of
products that could be used).
How many stores, shops and retailers sell 100% cotton t-shirts in the U.S.? Canada? Australia?
U.K.? Middle East? Africa?
We think it’s safe to say that hundreds of thousands of stores sell 100% cotton t-shirts!
Let’s identify and contact twelve stores to see if they would be open to receiving a price list from
you for 100% cotton t-shirts.
Most of the largest retail stores have already established relationships and/or own the factories
overseas that produce 100% cotton t-shirts.
On the left hand side of the homepage you will see a category entitled Apparel — click it.
We’re going to scour the headlines and/or databases to identify five medium-sized apparel retailers.
Gymboree Corp.
500 Howard Street
San Francisco, CA 94105
Phone: 415-278-7000
Fax: 650-579-1733
Web Site: http://www.gymboree.com
The next step is to identify the purchasing manager or apparel buyer at each of the five
companies listed above. You can do this by going to their website, clicking About Us or Company
Profile — and digging. If you can’t find a specific contact then just call or email the company for his or
her contact information.
Once you have obtained the appropriate buyer contact ask them if they would be open to receiving
a wholesale price list from you. You can mention that you are an importer of 100% cotton t-shirts.
If you are unsuccessful with these companies continue identifying and contacting other
apparel retailers.
You WILL find someone that is willing to look at your wholesale price list!
What’s more, these five companies may be medium-sized retailers but they are still very large.
You can contact much smaller retailers in local areas, too — try search on Google Local for an
apparel retailer in a city of your choice!
The next step is to locate a company that manufactures, sells and is able to export 100%
cotton t-shirts.
Again we go to Alibaba.com.
You will find hundreds of companies that manufacture, sell and are able to export 100%
cotton t-shirts.
Simply identify twelve of the most promising companies — click on their listing — and click on
the Inquire Now button. Ask them to send you a quote for 5,000 100% cotton shirts in various sizes
and colors.
When the retailers that you have contacted respond in the affirmative and want to see a
wholesale price list you can send them one.
Important Note: When you are sending a wholesale price list to retailers it needs to look similar
to the ones they receive from hundreds of wholesalers. When you inquire for a price quote from the
exporting companies ask them to send you a wholesale price list for t-shirts. You will use this
wholesale price list as a “template” to design your own (with your name at the top, etc.). In addition,
you will need to include a 10-15% profit margin (or more) on the items. This is how you make money-
exporting products for retailers.
Let’s see how the profit calculations work when importing products for the wholesale market.
Finish Line Inc. agrees to purchase 15,000 100% cotton t-shirts from your company at $1.95 each
plus shipping ($4,200) for a total of $33,450. This amount includes all taxes, fees and insurance.
ABC Export Company in China agrees to export 15,000 100% cotton t-shirts to your client (Finish
Line Inc.) for $1.25 each plus shipping ($4,200) for a total of $22,950.
You can see why so many entrepreneurs get hooked on importing products for the
wholesale market.
What’s more, there are tens of thousands of items and products waiting to be imported and sold
to the wholesale or retail market.
Thousands of companies in practically every country of the world need to import products
because they lack the resources in their own country.
For example, China is one of the largest importers of agriculture products in the world and the
trend continues to rise! They have an insatiable demand for hundreds of different products including
corn, wheat, soybeans, oats, vegetable oil, foodstuffs, coffee, tea, sugar, orange juice, rye, barley and
many more.
Granted, most of the billion dollar deals and shipments are handled by multi-national
corporations like ADM, Cargill and Dupont.
But there are still unlimited opportunities for small to medium-sized exporters.
For example, on Alibaba.com on any given day you will find hundreds, and in some cases
thousands of Buying Leads from people and companies that are looking to import products from the
U.S., Canada, Mexico and the U.K., etc.
For instance, this morning a Buyer from Portugal is looking for 4 metric tons of canola oil per month.
You can search Alibaba.com to see if you can match this Buyer with a Seller (as we mentioned earlier).
But another way to approach this is to find a company that produces canola oil and is able to
export it to Portugal.
You see there are thousands of companies that produce and manufacture and export products
that are totally unaware of sites like Alibaba.com.
You simply identify companies that need products now (Buyers) and then locate companies that
produce, manufacture and can export those products.
It’s fun!
Let’s find a company that produces, manufactures and is able to export canola oil to this Buyer
in Portugal.
Go to Google http://www.google.com
Our first search returned results on a company in Canada that produces and exports canola oil.
There were hundreds of other search result pages but this one sounds the most promising.
Upon further investigation we find that this company is willing and able to export canola oil to
Portugal. Although they have never shipped canola oil specifically to Portugal – they have exported
product to Europe, the Middle East, Africa and Asia.
All you need to do is contact this company with your prospective buyers specifications and ask
for a quote. Oftentimes the companies will want to talk to you by phone — and remember you have
an international exporting company.
The objective is to import products as inexpensively as possible and resell them on the Internet
with an online store.
The trick is to identifying the hottest markets and trends so you don’t have to carry a large inventory.
For example, let’s import sunglasses as inexpensively as possible and sell them on the Internet.
What’s more, we need to get a website up and running, and be able to accept credit cards as
quickly as possible. One of the best ways to do this is with “instant storefronts” like the ones we
suggested in Chapter 9.
For this illustration let’s use an eBay storefront and/or auction because it receives monster
targeted traffic, and you can set up a store in just a few minutes.
In time you might want to secure your own domain names and implement your own ecommerce
applications (like those we mentioned) so as to maximize profits!
You can open an eBay Store in about 20 minutes and the pricing starts at about $15.95 month:
http://pages.ebay.com/storefronts/seller-landing.html
It is highly recommended that you spend a few minutes reading the tutorials because you’ll learn
everything you need to know about eBay Stores, policies, procedures and best of all — additional
marketing and promotion ideas.
Okay — we’ve opened our storefront and we’re going to focus on sunglasses because it’s a fairly
hot item and because we can import them inexpensively (as you will see).
The next step is to locate a company that can export sunglasses as inexpensively as possible.
We go to Alibaba.com once again to find sunglasses manufacturers.
Important note: There may be companies in your country that manufacture products like this
but generally speaking the least expensive products are typically found in Asia, India, Pakistan, South
America and Mexico).
Enter “sunglasses” in the search box at the top of the page (in the Selling Leads category). You will
find more than 712 Selling Leads in this category!
Let’s choose the first company (they are also a TrustPass Member which enhances the credibility).
Upon further investigation we find that this company is located in China (no surprise there) and
is extremely competent when it comes to exporting their products anywhere in the world.
We also learn they ship most of the product line in cases of 300.
Most of the time you will find that exporting companies have minimum order requirements.
That’s okay — because when you are first starting out in your import/export business you will only be
placing minimum orders — because you don’t want to maintain large inventories.
The cost for a minimum order of 300 assorted sunglasses is approximately $285 (or $.95 each)
plus shipping of $75. The total cost for this order is $360.
Here’s the exciting part!
Let’s go back to the eBay main page and search for sunglasses. The prices and styles vary a great
deal but sunglasses sell for $6.95 to $150 each.
We’ll need to test different price points to see at which level we can move the greatest number.
But even if we sell them at the lowest price point of $6.95 each we’ll make a significant profit.
If the total sunglasses order from China is $360, that means that we’re paying about $1.20 each
($360 divided by 300 = $1.20).
In this scenario we generated a profit of more than 550%!!!
Sunglasses are only the tip of the iceberg!
There are literally thousands of products in hundreds of categories that you can import very
inexpensively and resell them on the Internet for mind-boggling profits!
NOW is the time to make it happen.
Take action today.
Discover the hottest products on the Internet — import them as inexpensively as possible and
resell them for big profits. What’s more, we only used eBay in this example!
There are dozens of high traffic sites, marketplaces, online classifieds and storefronts that you
can utilize to sell imported products for major profits!
CHAPTER 19
In the 13th Century, The Saylors of Dieppe, Viking descendants, made their fortune by
importing precious wood.
Mayer Amschel Rothschild (of The House of Rothschild fame) amassed a sizable fortune
by importing wine and manufactured materials from England
William Gibbs made his fortune from importing guano from Peru for use as fertilizer
Australian entrepreneur Dick Smith made his fortune by importing electronics from Asia
Three Scots, all brothers — Patrick, James and Daniel McMasters amassed a small fortune
by importing British goods into the U.S.
Semon Bache made his money importing plate and window glass into the United States in
the early 1900’s
William H. Gebhard made a fortune importing fine wines and liquors for a rich clientele
that could afford the best
Stephen R. Lesher parlayed something as humble as imported tailors’ trimmings
into a fortune
Leonard Lewisohn built a multimillion dollar fortune by importing hair, bristles, ostrich
and other feathers
In the 19th century, Mark Dunham made his fortune in Wayne by importing Percheron
draft horses from France
Alfred Kohlberg, a wealthy textile owner made his fortune importing Irish linen and then
embroidered it very inexpensively in China
Humphrey Monmouth lived was a wealthy merchant in the 1600’s who made a fortune
importing and remanufacturing cloth
Boro Vukadinovic, a multi-millionaire textile tycoon, made his fortune in America by
importing Italian and Eastern European goods
Matsuhisha Kojima, a motocross champion in Japan, made his fortune importing bananas
W.W. Crenshaw made a fortune importing four million banana stems to the Golden State
Hundreds of Russians made small fortunes importing personal computers in 1990s
American millionaire Elias Haskett Derby made his money importing black pepper. He
used his fortune to endow Yale University
Royal Dutch/Shell Group co-founder Marcus Samuel made his earliest fortune importing
knick-knacks made from exotic sea shells from the far east
Vyasheslav Bresht made his first fortune importing luxury cars from Germany
Michael Weatherly Sr., made a fortune importing the first Swiss Army Knives in to the U.S.
Morgan Hughes, 86, a native Irishman, made his fortune importing amusement park rides
from Europe after World War II
Manuel Rionda made his fortune importing sugar from South America
Trev Deely generated a multimillion dollar empire by importing motorcycles and selling
them in Canada
Sandy Chadha is a multi-millionaire, and the U.K.’s largest importer and distributor of batteries
On top of that, most of them tended to focus on a particular product or market. They typically
did not diversify into multiple product lines.
These entrepreneurs parlayed their wealth and success by applying time-tested principles over
and over, and subsequently their businesses grew exponentially at every stage.
You can do the same things in your import/export business!
CHAPTER 20
In fact, they play at an entirely different level, which includes relationships with government
officials, multinational corporations and “sweetheart” deals.
Even if you don’t have a desire to build your import/export business to this size or depth, there
are still lessons to be learned by watching billionaires play the game.
There are ten specific things that billionaire importers and exporters do in order to generate
mind-boggling profits.
According to Forbes magazine the collective net worth of the world’s 691 billionaires (in 2005) is
$2.2 trillion, up $300 billion from the combined net worth of the 587 people listed in 2004.
Of that number more than half of these billionaires are involved in importing and exporting
products at some level!
Billionaire Importers/Exporters
Rem Vyakhirev - Russia
Natural gas and heavy equipment
$1.5 billion net worth
Max H. Schachenmann
Marble, Agriculture, Concrete
$1 billion
James Moran
Automobiles
$1.4 billion
Michael Ying
Apparel
$1.8 billion
Roustam Tariko
Vodka, Automobiles, Luxury items
$3 billion
Nadim Khoury
Beer
$1 billion
Solomon Lew
Consumer goods
$1.5 billion
Thomas J. Mazzetta
Frozen Seafood
Unknown
Lev Leviev
Diamonds
$2 billion
Li Ka-Shing
Electronics, Tourists, Consumer Goods, Mobile phones
$5 billion
Sidney Frank
Fancy vodka and tequila
$2 billion
Alex Shnaider
Steel
$2 billion
Dhirubhai Ambani
Polyester and spices
$1 billion
Carlos Slim
Oil, industrial equipment
$5 billion
Vijay Mallya
Liquor
$2 billion
Terry Peabody
Fly ash – trucks
$2 billion
Gautam S Adani
Natural resources
$1 billion
Olav Thon
Tabacco
$1.5 billion
All of these billionaire importers and exporters started with an idea. They were convinced they
could make money in this business! You need to be convinced you can make money in this business,
too — and one of the best ways to do that is by taking action.
The conditions are no different today than they were when these entrepreneurs started their
import/export businesses. They all started from somewhere.
But the key is they started — these billionaires took some kind of action toward their goal
or objective.
In the next chapter we’ll show you the importance of focusing on one product or market when
you’re first starting this business. This will keep you from getting sidetracked and it will help to make
your business incredibly simple — and fun!
CHAPTER 21
You may be tempted to jump from product to product… but don’t give in to temptation.
The reason it’s important to focus on one product or line at a time is because it helps you to
become more knowledgeable and proficient than your competitors. This proficiency should lead to
greater profits because you will KNOW and UNDERSTAND your market better than anyone.
To repeat: Our recommendation is to keep it simple when you start out and focus on one product
or product line at a time.
After you’re successful in one area, you can expand into additional products and lines.
This is the key strategy that most successful Internet import/export businesses and
entrepreneurs follow.
For example, there is a company in Hong Kong called Jiaxing Maosen Flag Co., Ltd. The company
imports and exports flags. That is the only product they carry. They have thousands of flags of every
shape, color, design, language and purpose.
Another example is Rose Best LLC — they specialize in handmade soaps. The company carries
hundreds of different sizes, shapes, colors and scents. They ship worldwide.
Thai Mountain Imports focuses on bamboo and wicker furniture. They export their products
around the world.
It will be easy to avoid the temptation to “jump around” from product to product when your first
few deals are successful. You’ll see the value and benefit of focusing on products you really enjoy, or
products where there is a tremendous demand.
If a particular product or product line is not moving — you can easily shift into new products! That
is one of the greatest advantages of an import/export business. You can move into a new product line
at a moment’s notice, and that’s especially true if you’re not entangled in large inventories.
The following is a list of companies and the products they have focused on:
Yuyao Jinwei
Sprayers
Avasin
Computers
Cybercraze
Computer accessories
Frontier Enterprises
Heavy equipment
J D Overseas
Handicrafts
Sita Sourcing
Solid wood furniture
Dimensionx Inc.
Mobile phones
Sportsmoto
Watches
Herbalbd
Herbs
Stileks
Steel billets
Transaria
Audi parts
Dejen Enterprise
Agriculture products
K2B Agency
Contact lenses
Sinoz Company
Ceramics
Azadsystemnet
Iranian carpets and rugs
Aman Trading Co
Nuts
Hua Bags
Handbags / accessories
2kmg Corp.
Yarn
PT. Astura
Fruit juice
Shikha International
Bottles of every color and type
Kabir Sports
Gloves for work, sports and welding
GPS Trading
Lingerie
Kenrico Ltd.
Detox pads
Power Drinks SL
Energy drinks
Rommel EMC
Refurbished notebooks
GM Gateway Co.
Electronics
CWL Import
Food and confections
Jinoo Corp.
Fabrics
DCF Enterprises
Clothes / jeans
Prowell Company
Metals
These companies focus on one product or product line — and they are very successful.
If you adapted a similar strategy and focused on one product it would not only simplify your
business… it would help establish you as an expert in that area.
In the next chapter we’ll include valuable trade resources to help you build your business,
contacts and expertise.
CHAPTER 22
Trade Resources
In this section we are providing more than 100 trade resources to help you establish contacts,
further your education and build your import/export business.
These trade resources will also help you to find products, buyers, sellers, ecommerce, online
stores, web hosting and trade organizations.
We’re confident you’ll come back to this section again and again to find the information you need
to be successful.
Importer List
http://www.importerlist.com
TradeKey
http://www.tradekey.com
Canton Fair
http://www.cantonfair.org.cn
Productronica
http://www.productronica.de
GoEastDirect
http://www.goeastdirect.com
Equifax
http://www.equifax.com
TransUnion
http://www.transunion.com
BBBOnline
http://www.bbbonline.org
uBid
http://www.ubid.com
Bidz.com
http://www.bidz.com
Overstock.com
http://auctions.overstock.com
Bidstar
http://www.bidstar.net
Auction.com
http://www.auction.com
Yahoo! Auctions
http://auctions.yahoo.com
MSN Shopping
http://shopping.msn.com
Froogle Shopping
http://www.froogle.com
Amazon.com Auctions
http://www.amazon.com
Half.com
http://www.half.com
Sotheby’s
http://search.sothebys.com
Christie’s
http://www.christies.com
Biddington’s
http://www.biddingtons.com
Liquidation.com
http://www.liquidation.com
Daily Bidz
http://www.dailybidz.co.uk
Be-Hosted
http://www.be-hosted.com
Blogger.com
http://www.blogger.com
50Megs
http://www.50megs.com
FreeWebs
http://members.freewebs.com
The Homestead
http://www.homestead.com
Bravenet
http://www.bravenet.com
Web Spawner
http://www.webspawner.com
ValueWeb
http://www.valueweb.com
SuperbHosting
http://www.superbhosting.com
Apollo Hosting
http://www.apollohosting.com
BlueHost
http://www.bluehost.com
Globat.com
http://www.globat.com
APlus.net
http://www.aplus.net
Exists Hosting
http://www.existhosting.com
Host Gator
http://www.hostgator.com
Ready Hosting
http://www.readyhosting.com
StartLogic
http://www.startlogic.com
Mighty Merchant
http://www.mightymerchant.com
Bazaar Builder
http://www.bazaarbuilder.com
CubeCart
http://www.cubecart.com
WirePlanet
http://www.wireplanet.com
Lite Commerce
http://www.litecommerce.com
Smart Shop
http://www.smart-shop.com
Charge.com
http://www.charge.com
eCom Pal
http://www.ecompal.com
Americart
http://www.cartserver.com/americart
PrestoStore
http://www.prestostore.com
Plexxa
http://www.plexxa.com
ePay
http://www.epay.com
Important note: Not all shopping carts and online stores are created equal. One of the best
forums on the Internet can be found on Webmaster World http://www.webmasterworld.com
Contributors include the people that develop, program and use ecommerce applications and
storefronts on a daily basis.
Alibaba.com Tutorials
http://resources.alibaba.com/discussion_board/22/Tutorials.htm
FedStats
http://www.fedstats.gov/toolkit.html
IRS
http://www.irs.gov
In the next chapter we have assembled a comprehensive resource of standard forms, contracts
and agreements.
In addition, you will find shipment inspection forms, letter of credit information and the basics
of extending credit to buyers.
We have also provided information for obtaining financing from import/export banks to further
your business expansion.
We’re confident you will find this section extremely beneficial to your import/export business.
CHAPTER 23
Shipment Inspections
Governments or buyers demand inspection reports for a number of reasons:
To ensure shipments do not contain illegal or low-quality merchandise
To make sure importers are properly declaring their goods
To ensure they have received what they have paid for or are about to pay for (usually by
independent inspection)
The process typically starts with the buyer. Once a contract between a buyer and seller has
been established, the importer or buyer will arrange with their favorite inspection company
a pre-shipment inspection. Although some countries require a specific company to perform
the inspection, others have opened it up to a variety of competitors.
Upon requesting an inspection, the following information needs to be given to the
inspecting company:
Company name and contact name of the exporter and the type and location of the goods
to be inspected.
Note: Regarding the time of the inspection, inspectors have busy schedules and need a five
to seven day window to schedule a visit. Once you have a tentative date for inspection you
need to have the goods ready for inspection. This may mean opening the shipping unit or
having the container staged and ready to load.
Many “Less than Container Load (LCL)” shipments can be inspected at the port of export
It is recommended that the inspection take place where you can supervise and answer
questions the inspector might have
You may also need to close up a crate or box following the inspection so it is best that you
are or your forwarder is available to assist during the examination
Following the inspection, a “Clean Report of Findings” (or something similar) will be issued.
This is usually required at the time of import. Most reports are issued following proof of
export and usually can be completed by fax
The importer usually pays the costs for such examinations; however, delays can be invoiced
directly to the exporter.
The inspector will look at the following aspects of the products in the shipment:
Safety
Are the products compliant with applicable safety regulations?
Performance
Does the product function properly, and as intended?
Appearance
What is the condition of the finish, printing and marking?
Packaging
Is the condition of packing, marking and accessories appropriate?
Allocation
Payment Details of Risk
TT or Cash T/T is the easiest payment form and is typically used when
Advance samples or small quantity shipments are transported by air.
T/T is also used between buyers and sellers who have already
established a mutual trust, as this negates the risks associated
with this, the fastest and cheapest form of payment.
Documents like air waybills, commercial invoices and 100%
packing lists will be sent to you along with the shipment in the buyer risk
same aircraft.
As soon as the shipment arrives, you, with documentation, can
clear the customs and pick up the goods. Shipping happens
only after the money is safely in seller’s bank account. It usually
takes 3-4 days for such a wire transfer anywhere in the world.
Allocation
Payment Details of Risk
Letter of Credit The L/C is a guarantee, given by the buyer’s bank that they will
(L/C) pay for the goods exported, provided that the exporter can
provide a given set of documents in accordance with clauses
specified in the L/C and in a timely manner.
The technical term for letter of credit is “Documentary Credit.”
Letters of credit deal in documents, not goods. Thus, the
process works both in favor of both the buyer and the seller.
Evenly
Simply put, a letter of credit is a letter written by the importer’s shared
bank to the exporter. It verifies that the payment will be
guaranteed when the bank is presented with concrete
documents (bills of lading and freight documents).
Most letters of credit are “irrevocable” once the importer has
had them sent, which means it cannot be changed unless both
the buyer and seller agree.
Document (D/P) The exporter ships the goods, and then gives the
Against documents (including the bill of lading necessary to claim the
Payment/Bill of goods at the foreign port) to his bank, which will forward them to Mainly with
Exchange a bank in the buyer’s country, along with instructions on how to supplier
collect the money from the buyer.
When the foreign bank receives the documents, they will
contact the buyer and provide documents to the buyer only
when the buyer pays.
Open Account Opposite situation to T/T: The exporter receives payment only 100%
after the buyer has received and inspected the goods. seller risk
TERMINOLOGY
Ad Valorem Duty Duty imposed on imported merchandise based on a percentage of the value.
ADD Antidumping duty - A tariff imposed to discourage sale of foreign goods at less
than a fair market price that would be detrimental to local manufacturers.
See Dumping.
Bureau of Census - In relationship to imports, the DOC has two primary interests. The first
Department of interest pertains to the Committee for Implementation of Textile Agreements
Commerce (CITA) which regulates certain textile imports under Section 204 of the
Agricultural Adjustment Act. The second area of interest involves the
collection of statistical data from import shipments.
Buying Commission A buying commission consists of any monies paid to the buyer’s agent, who is
controlled by or works on behalf of the buyer.
Cargo Selectivity The Cargo Selectivity System, a part of Customs Automated Commercial
System System, specifies the type of examination (intensive or general) to be
conducted for imported merchandise. The type of examination is based on
database selectivity criteria such as assessments of risk by filer, consignee,
tariff number, country of origin and manufacturer/shipper.
Certificate of Origin Certain nations require a signed statement as to the origin of the export item.
Such certificates are usually obtained through a semiofficial organization such
as a local Chamber or Commerce. A certificate may be required even though
the commercial invoice contains the information.
CF 3461 - All imported merchandise (other than merchandise admitted into a FTZ) must
Immediate be released by U.S. Customs before it can be received by the
Release importer/consignee. The CF 3461, Immediate Release, is the form used to
obtain the proper release from Customs.
CM Contract Manufacturer
Domestic Status Domestic status material is Growth, product, or manufacture of the U.S. on
which all IRS taxes have been paid.
Previously imported and on which duty and tax have been paid.
Previously entered free of duty and tax.
Drawback Refund of all or part of Customs duties paid on imported merchandise, which
was subsequently either manufactured into a different article or re-exported.
Duty Tax levied by the government on the import, export or consumption of goods
and usually based on the value of the goods or some other factors such as
weight or quantity or a combination of both.
EL Entity List
FDA Form 2877 Declaration for Imported Electronic Products Subject to Radiation Control
Foreign Inland Freight Foreign inland freight consists of the charges to move the freight from the
foreign factory to the place of loading. Foreign inland freight charges are
dutiable unless the terms of sale are “ex-factory” or the charges were incurred
incident to the international shipment.
Insurance Certificate This certificate is used to assure the consignee that insurance is provided to
cover loss of or damage to the cargo while in transit.
Intensive Exam An intensive exam result means that Customs wants to physically examine the
merchandise. Inspectors have the ability to “override” some intensive exams
and convert them to general exams.
L/C Letter of Credit - A financial document issued by a bank at the request of the
consignee guaranteeing payment to the shipper for cargo if certain terms and
conditions are fulfilled. Normally, the letter of credit contains a brief
description of the goods, documents required, a shipping date, and an
expiration date after which payment will not longer be made.
Liquidation System The Liquidation System, a part of Customs Automated Commercial System,
closes the file on each entry and establishes a batch filing number which is
essential for recovering an entry for review or enforcement purposes. An entry
liquidation is a final review of the entry. The process of liquidation is
currently under revision by the Customs Service.
Marine Cargo Insurance Broadly, insurance covering loss of, or damage to, goods at sea. Marine
insurance typically compensates the owner of merchandise for losses in excess
of those which can be legally recovered from the carrier. Losses may include
fire, shipwreck, piracy, inclement weather and various other causes.
Marking (or Marks) Letters, numbers and other symbols placed on cargo packages to facilitate
identification.
Marks of Origin The physical markings on a product that indicate the country of origin where
the article was produced. Customs rules require marks of origin of most
countries.
Mod Act The Customs Modernization Act is a comprehensive effort by the U.S.
Customs Service to streamline and automate the commercial operations and
improve compliance with Customs laws and regulations.
MPF Merchandise Processing Fee is a fee assessed for formal entries based on 0.21%
of the invoice value, with a minimum of $25 per formal entry and a maximum
of $485.
NAFTA North American Free Trade Agreement. A free trade agreement that comprises
Canada, the U.S. and Mexico, exceeding 360 million consumers and a
combined output of $6 trillion—20 % larger than the European Community.
Net Weight Weight of the goods alone without any immediate wrappings (e.g., the weight
(Actual Net Weight) of the contents of a tin can without the weight of the can).
Ocean Bill of Lading A receipt for the cargo and a contract for transportation between a shipper and
the ocean carrier. It may also be used as an instrument of ownership which can
be bought, sold, or traded while the goods are in transit. To be used in this
manner, it must be a negotiable “Order” Bill-of-Lading. A Clean Bill-of-Lading
is issued when the shipment is received in good order. If damaged or a
shortage is noted, a clean bill-of-lading will not be issued. An On Board Bill-of-
Lading certifies that the cargo has been placed aboard the named vessel and is
signed by the master of the vessel or his representative. On letter of credit
transactions, an On Board Bill-of-Lading is usually necessary for the shipper to
obtain payment from the bank. When all Bills-of Lading are processed, a ship’s
manifest is prepared by the steamship line. This summarizes all cargo aboard
the vessel by port of loading and discharge. An Inland Bill-of-Lading (a waybill
on rail or the “pro forma” bill-of-lading in trucking) is used to document the
transportation of the goods between the port and the point of origin or
destination. It should contain information such as marks, numbers, steamship
line, and similar information to match with a dock receipt.
Open Insurance A marine insurance policy that applies to all shipments made by an exporter
over a period of time rather than to a single shipment.
Packing Costs Packing costs are defined as “the cost of all containers (except instruments of
international trade) and coverings of whatever nature or materials used in
placing merchandise in condition, packed and ready for shipment to the
United States.
Packing List A list showing the number and kinds of items being shipped, as well as other
information needed for transportation purposes.
Paperless A paperless result indicates that the merchandise is low risk from a compliant
importer. The broker places a stamp on the CF3461 and signs the document;
thus, the merchandise is released without a Customs official ever looking at
the documents.
PO Purchase Order
Port of Entry A port at which foreign goods are admitted into the receiving country; port
where the imported merchandise is entered for consumption.
Port of Import First port within the Customs territory where imported merchandise arrives.
Pro Forma Invoice An invoice provided by a supplier prior to the shipment of merchandise
informing the buyer of the kinds and quantities of goods to be sent, their value,
and important specifications (weight, size, etc.).
Protest A “protest” is the method primarily used by importers to take issue with
Customs decisions with which they disagree. A protest is normally utilized as
an opportunity to provide evidence that will result in the refund of duties and
other charges that were erroneously paid.
Reasonable Care “That degree of care which a person of ordinary prudence would exercise in
the same or similar circumstances. Due care under all circumstances. Failure
to exercise such care is ordinary negligence.”
Related Parties Members of the same family, spouse, and lineal descendants
Officers or directors if each individual is also an officer or director of the
other organization
Partners
Person owning, controlling or holding with power to vote 5% or more of
outstanding stock
Person who is an officer or director in both organizations
Shipping Weight Shipping weight represents the gross weight in kilograms of shipments,
including the weight of moisture content, wrappings, crates, boxes and
containers (other than cargo vans and similar substantial outer containers).
Ships Manifest A list, signed by the captain of a ship, of the individual shipments constituting
the ship’s cargo.
SO Sales Order